$BBD · BANK BRADESCO
Bank Bradesco Executive Officer Scarpelli Cassiano Ricardo reported the sale of 70,000 shares at $18.50 per share, totaling $1,295,000. Following the transaction, his remaining holdings dropped to just 360 shares — a near-complete exit.
- Executive Officer Scarpelli Cassiano Ricardo sold 70,000 shares at $18.50 each for total proceeds of $1,295,000.
- Post-transaction, the insider holds only 360 shares — a near-total liquidation of his position.
- The sale was not executed under a 10b5-1 trading plan.
- Scarpelli is an Executive Officer (not a director or 10% owner) of Bank Bradesco.
BBD closed at $3.60, up 0.56% on the day. The $18.50 per-share price on the Form 4 reflects the ADR ratio (~5:1) and does not indicate a premium sale; the modest daily gain suggests no immediate market concern over this insider disposition.
A near-total liquidation by a sitting executive officer without a pre-arranged trading plan is an unusually aggressive sell signal.
_Not applicable._
Near-total liquidation by an executive officer without a 10b5-1 plan raises questions about insider confidence; the remaining 360-share stake provides negligible alignment with shareholders.
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